INDONESIA - BANKING - CIMB Niaga Sharia books 61% growth in assets

www.bisnis.com - JAKARTA: PT Bank CIMB Niaga Tbk sharia business unit recorded an aggressive growth by relying on a high increase in consumer financing.

According to Director of CIMB Niaga Commercial Banking & Sharia Handoyo Soebali, the assets of its sharia business unit (UUS) reached IDR5.7 trillion by the end of first half 2012 or 61% higher from IDR3.5 trillion a year earlier.

“The growth of sharia banking is largely driven by consumer segment which owned 51% portion of the total financing,” he said in Sharia Banking Forum for Multifinance and Consumer Business 2012 Thursday (7/5/2012).  (source)

INDONESIA - BANKING - CIMB Niaga Syariah consumer financing and multi-finance

www.bisnis.com - AKARTA: PT Bank CIMB Niaga Tbk (CIMB Niaga) through increased funding sharia business unit and multi-consumer. This is done through the provision of working capital financing facilities for a number of multi-partner program and the implementation of Sharia Mortgage Fix Fix n.
Director of Commercial Banking and CIMB Niaga Syariah, Handoyo Soebali CIMB Niaga Syariah convey prepare financing facility for a number of finance company partners.
"Preparation of financing facilities for a number of partners to facilitate this multi-community has a vehicle with a scheme of sharia," he said through a press conference in Jakarta (5/7).  (source)

INDONESIA - BANKING -Fitch: New Rules to Boost Indonesian Consumer-Loan Asset Quality

www.theindonesiatoday.com - JAKARTA, Indonesia Today - New consumer finance rules in Indonesia that cap the maximum loan-to-value on auto loans and mortgages are likely to improve underwriting quality and slow lending growth, says Fitch Ratings. 
The impact will be felt mainly on non-bank finance companies, which are more active than banks in higher-risk lending.
The consumer finance regulation - set to come into force on June 15 - stipulates a minimum downpayment for motorcycles and cars of 25% for loans from financing companies and 30% for loans from banks. Some finance companies were offering motorcycle loans with zero downpayments, and this has led to an increase in delinquencies. As a result, the regulator is concerned that poor underwriting has resulted in a deterioration in asset quality at some finance companies.  (source)

INDONESIA - BANKING - Do not ambition spur consumer loans

www.bisnis.com - SURABAYA: Bank Indonesia Islamic banking'm not too ambitious to spur consumer loans following the central bank's policy of lowering the ratio of the value of goods credit (loan to value / LTV) of a conventional bank.
Instead of sharia-based Islamic bank is advised to keep credit growth to boost investment and working capital.
Deputy Leader of BI Surabaya Sarwanto Banking Supervision suggests it is related to the number of Islamic banking in East Java are ready meendongkrak growth of consumer financing like mortgages and credit purchases of vehicles.  (source)

INDONESIA - GOLD PAWN - BRI Syariah Revises Gold Pawn Portfolio

www.indonesiafinancetoday.com - BRI Syariah is targeting growth in financing of about 53 percent to Rp 14 trillion. (IFT/DINUL MUBAROK)

JAKARTA (IFT) - PT BRI Syariah will be revising the distribution of gold mortgage financing this year, according to bank directors. The company will divert the focus from consumer loans to small and medium enterprise and micro finance sectors. (source)

INDONESIA - BANKING - Muamalat Raises Consumer Finance Portion

JAKARTA (IFT) – PT Bank Muamalat Indonesia Tbk will enlarge its consumer finance portion to 40 percent of its total finance portfolio in 2012 from 30 percent this year. The bank will prepare a special division for consumer financing and create several new products to boost its portfolio. (source)

INDONESIA - BANKING - Islamic Banks Switch Gold Pawning to Consumer, Micro Financing

JAKARTA (IFT) - Islamic banks plan to switch the gold pawn business portfolio to retail consumption financing and microfinance, according to Islamic banker. This strategy is to anticipate the decline in gold pawning business, post-imposition of the new sharia regulation from Bank Indonesia. (source)

INDONESIA - BANKING - Bank Muamalat Posts Rp 7.3 T Consumer Finance Portfolio

JAKARTA (IFT) – PT Bank Muamalat Tbk, the first Islamic bank in Indonesia, saw a 55 percent year-on-year (YOY) consumer finance portfolio growth to Rp 7.3 trillion as of November 201. The portfolio may reach Rp 8 trillion by year-end.(source)

INDONESIA - BANKING - BNI Syariah ready to finance productive genjot Aberdeen

BALIKPAPAN: Bank BNI Syariah Aberdeen Branch recognizes the need for concerted efforts to realize the target of achieving a distribution of consumer financing higher than financing productive because the typical conditions of different regions with a region on the island of Java.
Branch Manager of Bank BNI Syariah Nurfi Balikpapan from Majidi said predetermined financing ratio that is 70% for consumer financing, it is only able to realize 50%.  (source)

INDONESIA - BANKING - Bank Muamalat boosts gross profit by 93,15%

en.bisnis.com - JAKARTA: PT Bank Muamalat Indonesia Tbk booked IDR270 billion of gross profit throughout the year, rose 93.15% from the same period last year.

 

The growth of the earnings before tax was due to bigger margin income from its financing, said Director of Retail Banking Adrian A. Gunadi. Up to September, financing rose 45.24% to IDR20 trillion from IDR13.77 trillion. (source)

INDONESIA - BANKING - Consumer Financing in BRI Syariah Dominate

REPUBLIKA.CO.ID, JAKARTA --- Financing for consumer financing portfolio is still dominating in BRISyariah. Distribution of consumer financing until September 2011 this had reached Rp 3.5 trillion.

Of portfolio financing of Rp 8 trillion, the portion of consumer finance to more than 40 percent. It is still dominated by the Home Ownership Financing (PPR) with a share around 40 percent. "We temporarily focus on housing finance," said Director of Retail BRI Syariah, Khaerullah, yesterday.  (source)

INDONESIA - BANKING - BRI Syariah Posts Finance Portfolio of Rp 7.9 T

JAKARTA (IFT) – PT BRI Syariah, a subsidiary of PT Bank Rakyat Indonesia Tbk (BBRI) saw a 43.64 percent increase in finance portfolio to Rp 7.9 trillion as of September 2011 from Rp 5.5 trillion in end-2010 (year-to-date). A bulk of the portfolio comprise micro, small, and medium enterprise (MSME) loans as well as consumer loans.  (source)

INDONESIA - FINANCE - Housing Loan? Apparently Many Consumers Choose the Islamic Bank tables

REPUBLIKA.CO.ID, JAKARTA --- Consumer Financing is still dominated by banks to housing finance. Targeted, such consumer financing to continue to increase.

For example, the distribution of consumer financing Muamalat has reached Rp 6 trillion in September. Of the total financing, 60 percent came from housing finance. (source)

INDONESIA - BANKING - Muamalat spur financing konsumser

JAKARTA: PT Bank Muamalat Indonesia Tbk will boost consumer cost sharing from 30% to 40% of the total financing through the establishment of a special division of consumer financing in order to increase product variety.

Complience and Risk Management Director Muamalat Buchari Andi said a September 2011 financing consumption has reached Rp 6 trillion and is expected to reach Rp 7 trillion at the end of this year. (source)

INDONESIA - BANKING - Muamalat Raises Consumer Finance Portion

JAKARTA (IFT) – PT Bank Muamalat Indonesia Tbk will enlarge its consumer finance portion to 40 percent of its total finance portfolio in 2012 from 30 percent this year. The bank will prepare a special division for consumer financing and create several new products to boost its portfolio. (source)

INDONESIA - BANKING - BSM consumer financing through Rp14, 1 trillion

JAKARTA: Financing PT Bank Syariah Mandiri consumer reach Rp14, 1 trillion by the end of August 2011, an increase of 36.89% compared to last year.

Consumer finance subsidiary, PT Bank Mandiri Tbk has increased Rp3, 8 trillion from year-end position is reached Rp10, 3 trillion. Performance has been reached about 74.36% of the initial target of the new financing which is set at Rp 5, 11 trillion. (source)

INDONESIA - BANKING - Consumption Loans Dominate Islamic Banking

REPUBLIKA.CO.ID, JAKARTA - Financing consumptive dominate Islamic banking to 37.2 percent. According to Deputy Governor of Bank Indonesia (BI), Halim Alamsyah, in the last five years this sector has increased dramatically from 19.1 percent to 37.2 percent.

"There was a significant increase," he said when attending the Interactive Dialogue In Making Indonesia Sharia Banking Centre on Monday (22 / 8) night. He admitted this in harmony with the portion of consumer credit provided conventional banking. (source)

BANKING - Consumer Finance Prompts Islamic Finance Growth

JAKARTA (IFT) – The Islamic banking industry saw a 47.88 percent growth in its finance portfolio to Rp 74.25 trillion in the first quarter of  2011, from Rp 50.21 trillion year-on-year (YOY). This is mainly attributable to a 85.68 percent rise in consumer finance to Rp 27.11 trillion from 14.6 trillion, according to data from Bank Indonesia.(full story)